just The Preview - Brown-Forman FY & Q4
Brown-Forman will release its full-year results on Wednesday
Brown-Forman will report its full-year and fourth-quarter results on Wednesday (5 June). Here, just-drinks takes a look at the highs and lows for the company in the year to the end of April and its performance in recent quarters.
- After Brown-Forman posted a healthy set of YTD numbers in February, analysts Nomura suggested the company could be looking at strengthening its presence in Scotch and Irish whisk(e)y. No immediate acquisitions are likely, however, as in December the company paid out a large dividend to shareholders.
- In April, Brown-Forman replaced Suntory as the Jägermeister distributor in Australia. Brand owner Mast-Jägermeister said the US firm will take the label to “the next level”.
- Jack Daniel's Tennessee Whiskey's production manager announced his retirement after 11 years in the job. Tommy Beam, who joined Brown-Forman in 1965, will be replaced on 31 July.
- In a reflection of the success Brown-Forman is finding in its super and ultra-premium whiskey portfolio, the group launched the first TV campaign for Gentleman Jack Rare Tennessee Whiskey since the brand was launched in 1988.
In Brown-Forman's YTD,
- Profits were up by 17% to US$478m
- Net sales rose by 4% to $2.92bn
- Operating profits lifted by 13% to $721.1m
- Net profits rose by 16% to US$320.5m
- H1 net sales rise increased2% to $1.89bn
- Operating profits jumped by 12% to $484m
- Net profits rose by 25% to $147.5m
- Net sales went up by 4% to $878.1m
- Operating profits lifted by 19% to $221.7m
- What Brexit means for drinks industry? - Analysis
- The post-Brexit winners and losers - Analysis
- What does Brexit mean for AB InBev's SAB deal?
- Is there a future for the global beer brand?
- Customisable drinks - The next consumer trend
- The UK Referendum - just-drinks Live Blog
- Aldi dealt alcohol sales blow in Australia
- Ex-William Grant CEO Stella David re-joins Bacardi
- UK spirits producers braced for Brexit impact
- Maxxium eyes US$1.4bn opportunity in UK spirits
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Spirits and Wine: Corporate Overview
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Global RTD insights - market forecasts, product innovation and consumer trends